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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Assets    
Cash and cash equivalents $ 36,632 $ 37,138
Available for sale ("AFS") securities, at fair value (amortized cost of $168,882, net of allowance for credit losses of $0 at September 30, 2024 and amortized cost of $179,744, net of allowance for credit losses of $0 at December 31, 2023) 149,432 155,743
Held to maturity ("HTM") securities, at amortized cost (fair value of $71,046, net of allowance for credit losses of $0 at September 30, 2024 and fair value of $73,262, net of allowance for credit losses of $0 at December 31, 2023) 87,033 91,229
Equity investments 5,096 3,284
Other investments 12,311 15,725
Loans receivable 1,424,828 1,460,792
Allowance for credit losses (21,000) (22,908)
Loans receivable, net 1,403,828 1,437,884
Loans held for sale 697 5,773
Mortgage servicing rights, net 3,696 3,865
Office properties and equipment, net 17,365 18,373
Accrued interest receivable 6,235 5,409
Intangible assets 1,158 1,694
Goodwill 31,498 31,498
Foreclosed and repossessed assets, net 1,572 1,795
Bank owned life insurance ("BOLI") 25,901 25,647
Other assets 16,683 16,334
TOTAL ASSETS 1,799,137 1,851,391
Liabilities:    
Deposits 1,520,667 1,519,092
Federal Home Loan Bank (“FHLB”) advances 21,000 79,530
Other borrowings 61,548 67,465
Other liabilities 15,773 11,970
Total liabilities 1,618,988 1,678,057
Stockholders’ Equity:    
Common stock—$0.01 par value, authorized 30,000,000; 10,074,136 and 10,440,591 shares issued and outstanding, respectively 101 104
Additional paid-in capital 115,455 119,441
Retained earnings 78,438 71,117
Accumulated other comprehensive loss (13,845) (17,328)
Total stockholders’ equity 180,149 173,334
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 1,799,137 $ 1,851,391